NYT looks at India-US trade deal, Economist examines who got the better end of the bargain, while Bloomberg looks at Tamil Nadu’s role in expansion of India’s shipbuilding industry.
In episode 1622, Editor-in-Chief Shekhar Gupta & Deputy Editor Snehesh Alex Philip discuss how China is now a dominant shipbuilding force, accounting for nearly 50% of global shipbuilding.
PLA Navy now fields more warships than US Navy and is on track to deploy 425-ship fleet by 2030, sustained by industrial base capable of replacing, repairing vessels way faster than US yards.
Multi-role ship part of $2.5 billion deal inked with Russia in 2016. It underwent extensive post-construction tests from January this year by a team of Indian specialists.
Stocks of defence firms surged in past few yrs, by over 1,000% in some cases, driven by narrative that they would gain from govt’s domestic procurement push. Now, those stocks are tanking.
Russian firm United Shipbuilding Corporation has been eyeing Navy's Project 75I under which 6 conventional submarines with air-independent propulsion systems are to be built.
This decision is so damaging to the government that efforts will be made to ensure that it does not stand. The prosecution has said that it will file an appeal in the high court.
Bitcoin dropped as much as 3.8% to $63,038, while Ether, the second-largest token, slid 4.5% to $1,835. Roughly $128 billion in market value was erased across digital assets.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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